Tag Archives: Visa

Visa and Mastercard Suspend Their Operations in Russia

Both Visa and Mastercard announced that they were suspending their operations in Russia. They each made their own statements. Bloomberg reported that each company gets about 4% of its net revenue from business linked to Russia.

Visa posted a statement on its website titled: “Visa Suspends All Russia Operations”. Here is Visa’s statement:

Visa today announced it is suspending its Russia operations.

Effective immediately, Visa will work with its clients and partners within Russia to cease all Visa transactions over the coming days. Once complete, all transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation.

“We are compelled to act following Russia’s unprovoked invasion of Ukraine and the unacceptable events that we have witnessed,” said Al Kelly, chairman and chief executive officer of Visa, Inc. “We regret the impact this will have on our valued colleagues, and on the clients, partners, merchants, and cardholders we serve in Russia. This war and the ongoing threat to peace and stability demand we respond in line with our values.”

Mastercard posted a longer statement titled: “Mastercard Statement on Suspension of Russian Operations”. Here is part of that statement:

…It’s with all this in mind – and noting the unprecedented nature of the current conflict and the uncertain economic environment – we have decided to suspend our network services in Russia.

This decision flows from our recent action to block multiple financial institutions from the Mastercard payment network, as required by regulators globally.

With this action, cards issued by Russian banks will no longer be supported by the Mastercard network regardless of where they’re used – inside or outside of Russia. And, any Mastercard issued outside the country will not work at Russian merchants or ATMs…

According to Bloomberg, the decisions made by Visa and Mastercard came hours after Ukranian President Volodymyr Zelenskiy called on the companies to halt all business in Russia during a call with U.S. lawmakers.

Reuters reported that PayPal has also shut down its services in Russia. According to Reuters:

“Under the current circumstances, we are suspending PayPal services in Russia,” President and Chief Executive Officer Dan Schulman said in a statement. He added that the company “stands with the international community in condemning Russia’s violent military aggression in Ukraine.”

Are You Game? Rovio and Kaiku to Release Angry Birds Visa Cards

Rovio, the popular game-maker based in Finland, has produced some of the most popular mobile titles, including record-setting releases like the recent Bad Piggies, which shot to the number one position on the download charts at breakneck speed.  As if the mobile and PC games, as well as the merchandising available in retail stores across the U.S., weren’t enough, the company has now announced a partnership with KAIKU to bring Angry Birds to your wallet.

KAIKU, while not being a big name in the financial industry, has scored exclusive rights to issue pre-paid Visa cards with Angry Birds images on the card front. The company describes themselves as “A provider in the global prepaid industry, KAIKU offers smart products that combine a unique blend of style and innovation, while providing a convenient and affordable alternative to traditional money management solutions.”

“Rovio and KAIKU share a common philosophy in that we love to delight our fans with products that are affordable and packed with great features that fit today’s lifestyle,” stated Andrew Stalbow, Rovio’s EVP of Strategic Partnerships and General Manager of North America.

For fans of the game this may be just one more collectible you will want to grab but, with the power of the Visa name, the card will also be useful at millions of locations across the globe. The only catch here may be the “pre-paid” part. Many people are probably reluctant to send their hard-earned money to cover a bill for something they haven’t yet purchased.

If you are game, however, KAIKU is showing off four versions of the card, featuring Bad Piggies and several different designs of the famous birds themselves. They promise the cards will be available in early 2013. In the meantime, you can grab any of the four Angry Birds games already on the market and also look forward to the brand new Angry Birds Star Wars edition that is coming later this week. Also, a word of warning if you haven’t yet installed Bad Piggies — there are a lot of malware apps posing as the record setting game so be careful out there.

PaySaber Point-of-Sale Terminal for iPhone

POS PaySaberAndy chats to Matt from PaySaber at CES’s Showstoppers about their iPhone-based point-of-sale (POS) solutions.

The PaySaber is a portable handheld POS terminal sled that incorporates a barcode reader, card swipe and thermal printer into the unit. An iPhone or iPod Touch slots into the PaySaber to provide the screen and the wireless communication for the transaction.

The flexibility provided by the iPhone allows credit processing in the normal way, but gives additional benefits such as emailed receipts. From the moment the card is swiped, the whole transaction is encrypted and secure, so the credit card information is never transmitted in cleartext. As you’d expect from any POS system, PaySaber can be configured to interface with inventory systems to automatically deduct items from stock as a sale is completed.

Interview by Andy McCaskey of SDR News and RV News Net.

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Show Notes:
Burglar Blaster.
Firefox 4 Final Release date 3-22.
Firefox 4 Notes.
* Renegade
It’s not the downloads.
This Mom needs to be a Parent.
14 Months, 40 Million NYT Fools.
NYT Paywall Plans?
Open Canadian Letter to NYT!
Business Cards Dead?
RSA SecurID May Be Hacked.
Hacking your Car.
Matt Cutts – Google Luminary.
Japan Telephone/Network Lines a Wreck.
TSA now cannot do Math.
Netflix to do Original Content?
Webm Plugin for IE9.
President says Do Not Track!
BlueTooth Headset Review.
Soyuz back to Kazakhstan.
Women in Space.
Lasers Solution to Space Junk?
More Resources for Japan.
Protecting your company Image.
Time Warner iPad App.
Google Largest Torrent Search Engine.
White House thinks Streaming is Fed Crime.
Sick of Sarah 2205.
Visa goes after Paypal.
Rustock Spam Botnet Brought Down?
Hackers having fun with Electronic Sign.
Sony gets Paypal info on PS3 Case.
Best Sprinkler Yet.
Lexar 128GB SDXC Cards.
Solar Stove.
IPTV Moving Upwards.
IE9 Partners with Hulu.
Free Computer Games.
Gnome 3.0 Beta.
Video Alarm.
OSX Media Conveter.
Google Docs on a roll.
Dutch test 110 old X-Ray machine.
U-Socket Review.
Radiation from Planes and Passengers.